Following the firm’s Q4 Residential Home Standby checks, KeyBanc keeps a Sector Weight rating on Generac (GNRC) and says that while it sees plenty of support to Q4 results, it is relatively cautious into earnings given the firm feels a more cautious tack to 2025 could be necessary given the mixed hurricane demand follow-through and limited visibility to growth. Long-term, KeyBanc continues to view the risk/reward as balanced, awaiting greater clarity around an improved consumer backdrop/C&I trajectory.
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